I'm an aspiring MREI, and I know I should be discussing these issues with a realestate/corporate CPA because it can be quite lengthy, too much for a forum post; however, I'd like to get primer from experts here in Bigger pockets. 

Warning – Lengthy review below.For anyone simply looking for a short summary of my experience, here’s the TLDR version:I started working with TCS Investments in late 2017 and I’m happy with my decision to jump into REI with them.

I take short questions or info by PM but if it's a lengthy or involved matter I prefer to address them in the forums so as to benefit as many members as possible......otherwise, I'd not ever get off this thing!

If they don't, then your whole deal is blown while you try to go through some lengthy process to find out who the note holder is.Seems counterproductive.

David Beard posted a lengthy response to this in another thread.

We are over due for a pow wow I got some questions on some potential deals as well.

Don't be afraid on non-standard lease length. I

One of the key concerns for me is recovery of the outstanding rent from the current Property Manager without being involved in lengthy legal battles. 

I had a renter recently who had 2 DUIs a number of years before and had lost her car recently due to some financial issues caused by sharing home with an ex...had perfect employer references, perfect & lengthy personal references.

There were some pretty lengthy discussions a while back on this topic.